Tuesday, April 18, 2006
Standard Life Rebuffs Takeover Approaches
British life-insurer Standard Life Assurance Co. revealed Tuesday it recently rebuffed takeover approaches from a number of suitors and said it is pushing ahead with a planned IPO that could value it as high as 5.5 billion pounds ($9.7 billion).
Standard Life, Europe's largest mutual insurer, said the approaches included requests to take significant stakes in the company and a proposed all-share merger. Mutual insurance companies like Standard Life are owned by policyholders.
Standard Life Rebuffs Takeover Approaches
Source: FortWayne.com
Standard Life, Europe's largest mutual insurer, said the approaches included requests to take significant stakes in the company and a proposed all-share merger. Mutual insurance companies like Standard Life are owned by policyholders.
Standard Life Rebuffs Takeover Approaches
Source: FortWayne.com
Permalink posted by armandn @ 12:37 PM 
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